v3.25.3
Reconciliation of Segment Operating Income to Income before Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Sep. 27, 2025
Sep. 28, 2024
Sep. 30, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Segment Operating Income [1] $ 17,551 $ 15,601 $ 12,863
Corporate and unallocated shared expenses (1,646) (1,435) (1,147)
Equity in the income of investees 295 575 782
Restructuring and impairment charges (819) (3,595) (3,836) [2]
Other income (expense), net 0 (65) [3] 96 [3]
Interest expense, net (1,305) (1,260) (1,209)
TFCF and Hulu acquisition amortization [4] (1,576) (1,677) (1,998)
Income from continuing operations before income taxes 12,003 7,569 4,769
India Joint Venture      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Equity in the income of investees $ (202) $ 0 $ 0
[1] Equity in the income of investees is included in segment operating income as follows:
202520242023
Entertainment
$439  $529  $685  
Sports
67  58  55  
Experiences
—  —  (2) 
Equity in the income of investees included in segment operating income506  587  738  
Equity in the loss of India joint venture
(202) —  —  
A+E Gain(a)
—  —  56  
Amortization of TFCF intangible assets related to equity investees
(9) (12) (12) 
Equity in the income of investees$295  $575  $782  
[2] Net of the A+E Gain in fiscal 2023.
[3] “Other income (expense), net” for fiscal 2024 and 2023 includes charges related to a legal ruling of $65 million and $101 million, respectively. Fiscal 2023 includes a gain of $169 million to adjust our investment in DraftKings, Inc. to fair value. The Company sold the DraftKings investment in fiscal 2023.
[4] TFCF and Hulu acquisition amortization is as follows:
202520242023
Amortization of intangible assets
$1,307  $1,394  $1,547  
Step-up of film and episodic costs
260 271 439 
Intangibles related to TFCF equity investees
9 12 12 
$1,576 $1,677 $1,998